XBO2.DE vs. EUN6.DE
XBO2.DE (Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc)) and EUN6.DE (iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist)) are both Government Bonds funds - XBO2.DE tracks the FTSE Eurozone BOT Index while EUN6.DE tracks the Bloomberg Euro Short Treasury (0-12 Month) Bond Index. Both are passively managed. Over the past 10 years, XBO2.DE returned 0.70%/yr vs 0.49%/yr for EUN6.DE. At a 0.20 correlation, their price movements are largely independent. XBO2.DE charges 0.15%/yr vs 0.07%/yr for EUN6.DE.
Performance
XBO2.DE vs. EUN6.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XBO2.DE achieves a 0.62% return, which is significantly lower than EUN6.DE's 1.02% return. Over the past 10 years, XBO2.DE has outperformed EUN6.DE with an annualized return of 0.70%, while EUN6.DE has yielded a comparatively lower 0.49% annualized return.
XBO2.DE
- 1D
- 0.03%
- 1M
- 0.21%
- 6M
- 0.62%
- YTD
- 0.62%
- 1Y
- 1.79%
- 3Y*
- 2.85%
- 5Y*
- 1.71%
- 10Y*
- 0.70%
EUN6.DE
- 1D
- -0.01%
- 1M
- 0.23%
- 6M
- 0.95%
- YTD
- 1.02%
- 1Y
- 1.89%
- 3Y*
- 2.83%
- 5Y*
- 1.62%
- 10Y*
- 0.49%
XBO2.DE vs. EUN6.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XBO2.DE Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) | 0.62% | 2.42% | 3.53% | 3.03% | -0.64% | -0.60% | -0.22% | 0.03% | -0.47% | -0.44% |
EUN6.DE iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) | 1.02% | 2.16% | 3.57% | 2.74% | -1.00% | -0.70% | -0.60% | -0.54% | -0.66% | -0.74% |
Correlation
The correlation between XBO2.DE and EUN6.DE is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2012 | 0.20 |
The correlation between XBO2.DE and EUN6.DE shifts across timeframes, from 0.05 (1 year) to 0.28 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XBO2.DE vs. EUN6.DE — Risk / Return Rank
XBO2.DE
EUN6.DE
XBO2.DE vs. EUN6.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.DE) and iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) (EUN6.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XBO2.DE | EUN6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.75 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.98 | -0.76 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 5.84 | -4.25 |
| Martin ratioReturn relative to average drawdown | 4.48 | 22.30 | -17.82 |
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Drawdowns
XBO2.DE vs. EUN6.DE - Drawdown Comparison
The maximum XBO2.DE drawdown since its inception was -3.92%, smaller than the maximum EUN6.DE drawdown of -4.94%. Use the drawdown chart below to compare losses from any high point for XBO2.DE and EUN6.DE.
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Drawdown Indicators
| XBO2.DE | EUN6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.92% | -4.94% | +1.02% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -0.32% | -0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -1.12% | -0.77% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -1.34% | -1.49% | +0.15% |
Max Drawdown (10Y)Largest decline over 10 years | -3.77% | -4.54% | +0.77% |
Current DrawdownCurrent decline from peak | -0.52% | -0.08% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -1.31% | +0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.08% | +0.32% |
Volatility
XBO2.DE vs. EUN6.DE - Volatility Comparison
Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.DE) has a higher volatility of 1.10% compared to iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) (EUN6.DE) at 0.09%. This indicates that XBO2.DE's price experiences larger fluctuations and is considered to be riskier than EUN6.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBO2.DE | EUN6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 0.09% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 0.57% | +1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.08% | 0.64% | +2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.44% | 0.67% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.60% | 0.63% | +0.97% |
XBO2.DE vs. EUN6.DE - Expense Ratio Comparison
XBO2.DE has a 0.15% expense ratio, which is higher than EUN6.DE's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XBO2.DE vs. EUN6.DE - Dividend Comparison
XBO2.DE has not paid dividends to shareholders, while EUN6.DE's dividend yield for the trailing twelve months is around 2.19%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EUN6.DE iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) | 2.19% | 2.79% | 2.18% |
XBO2.DE Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XBO2.DE and EUN6.DE have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN6.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN6.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for XBO2.DE.
XBO2.DE tracks FTSE Eurozone BOT Index, while EUN6.DE tracks Bloomberg Euro Short Treasury (0-12 Month) Bond Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.15% for XBO2.DE and 0.07% for EUN6.DE.
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